https://www.taxtmi.com/caselaws?id=353537 The Tribunal modified the penalties imposed under Section 13(2) of PMLA, reducing them from the maximum penalty to warnings under Section 13(2)(a). It emphasized the need for consistent and non-discriminatory penalties. The banks were directed to report suspicious conversations or attempted transactions as required under Section 12 of PMLA and release the deposited amounts or FDRs immediately. en-us Wed, 28 Jun 2017 00:00:00 +0530 Wed, 10 Jan 2018 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353537 The Tribunal modified the penalties imposed under Section 13(2) of PMLA, reducing them from the maximum penalty to warnings under Section 13(2)(a). It emphasized the need for consistent and non-discriminatory penalties. The banks were directed to report suspicious conversations or attempted transactions as required under Section 12 of PMLA and release the deposited amounts or FDRs immediately. Case-Laws Money Laundering Wed, 28 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353537